http://rimbit.com/threads/bloomberg-confirms-what-rimbit-has-been-saying-bitcoin%E2%80%99s-fate-hinges-on-huge-chinese-miners.5944/#post-12998
That's why Rimbit is the better crypto!
https://www.youtube.com/channel/UCLNAsYoan3nosdkF6Svp9Aw
Bitcoin's fate hinges on Chinese miners as long as they remain relevant, if the community really cares they would be able to ignore the miners and fork off to whatever they want to and just have to deal with less hashing power. The Chinese miners are only important as long as they stay on the same chain. Even if they are constantly relevant and nothing changes, it still doesn't matter as to what the miner's nationality is. Why do you care?That's why Rimbit is the better crypto!
https://www.youtube.com/channel/UCLNAsYoan3nosdkF6Svp9Aw
Also the shameless plug for Rimbit makes me less interested. I don't want some other shitty crypto.
What stops them from switching to any new fork? They have enough hashing power to mine on different forks at the same time.. if it was needed.
.... I really do not know why people are so obsessed with the Chinese miners. They have seen a opportunity to make money, and they grabbed it by the horns. There are enough money in the Western world to start massive mining operations,
but investors would rather open up another Mall.
Silicon Valley have enough skills for the manufacturing of the Asic chips needed to do this. 